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Life Cycle Cost: Category, Costing Technique, and Application

The Constructor

Life cycle cost (LCC) is defined as the cost of an asset or its parts throughout its life cycle while fulfilling the required performance. Whole life.

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Suffolk Construction establishes Suffolk Sustainability Group

BD+C

Suffolk Construction establishes Suffolk Sustainability Group Design veterans Steven Burke and Michael Swenson will lead the new sustainability initiative for Suffolk. Contractors Sustainability Sustainable Design and Construction Suffolk Construction, headquartered in Boston, has established the Suffolk Sustainability Group.

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Total Cost of Ownership Life-cycle Asset Management – Facilities and other Physical Infrastructure

Job Order Contracting

Efficient life-cycle total cost of ownership management requires the application of LEAN processes and collaborative construction delivery methods. The post Total Cost of Ownership Life-cycle Asset Management – Facilities and other Physical Infrastructure appeared first on 4BT. Learn more? contact-form].

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LEAN Construction Project Delivery enables efficient life-cycle management of the built environment

Job Order Contracting

LEAN Construction Project Delivery enables efficient life-cycle management of the built environment via a robust integration of process, actionable standardized and common information, supporting technology, and ongoing training. An example of LEAN Construction Project Delivery is OpenJOC ™ Job Order Contracting.

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Construction Equation: Knowledge Problems + Data Problems + Management Problems = Outcome Problems

Job Order Contracting

Lack of recognition by senior management of the linkage between between the built environment and organizational mission Low level of understanding of both life-cycle total-cost-of-ownership management and integrated lean planning, procurement, and project delivery principles and processes. Procedia Engineering. Data Problems.

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BIM Life-cycle Management Competency, Common Terms, and Change Management

Job Order Contracting

BIM Life-cycle Management Competency, Common Terms, and Change Management. Forget 3D visualization, Life-cycle Management Competency and Common Terms are the most critical aspects to achieving efficient renovation, repair, maintenance, sustainability, and new construction of the built environment.

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LEAN Asset Life-cycle Management – Achieve Optimal Construction Outcomes

Job Order Contracting

Optimal construction outcomes such as 90%+ of project on-time and on-budget and 96% satisfaction levels are achieved daily, however, by less than 5% of all real property owners, contractors, architects and engineers. Life-safety, environmental, economic mismanagement are the norm versus the exception. The net result is 2.5%